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3114 Pillsbury Avenue

3114 Pillsbury Avenue, Minneapolis, MN 55408
Property in Lyndale
Sold Jul 15, 2019
$26,900,000
$300,000 by Villa Nova Preservation Jv Llc
Mortgage Due Jul 12, 2034
Sold May 08, 2017
$845,259
3114 Pillsbury Avenue has been categorized by the local assessors in Minneapolis, MN as a residential type of property. The building on the property was first built in 1963 and is 61 years old. The building has a total of 2 stories. In addition, 3114 Pillsbury Avenue has 4,712 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,650 ft and across the front of the lot is 520 ft. The area measurement of the land has been determined as 8,276 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a paved and surfaced garage for those who require parking. According to our sources, there are a total of 12 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C- by the local assessor. The building has a flat style roof made of tar and gravel. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a hot water heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3114 Pillsbury Avenue was last sold in Jul 12, 2019 for $26,900,000. According to our calculations, that's $5,708.83 per sqft. Prior to that sales transaction, the property was sold for $845,259 in Apr 28, 2017. Current property owners are expected to pay $13,439 in taxes per year. The property on 3114 Pillsbury Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $348,900. To break that down further, the land itself was valued at $69,700. While improvements to the property were assessed at a total of $279,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 11
  • Basement Type: Unspecified basement
  • Basement Area: 2,356
  • Garage Type: Paved and surfaced
  • Parking Space Count: 12

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 520
  • Total Building Area: 4,712
  • Gross Building Area: 4,712
  • Building Area: 4,712
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 4,712
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FISKS ADDN TO MPLS
  • Land Acres: 0.19
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 002 FISKS ADDN TO MPLS LOTS 8 AND 9 52.00 X 165.00

Ownership

  • Current Owner : VILLA NOVA PRESERVATION JV LLC
  • Previous Owner : VILLA NOVA REAL ESTATE HOLDINGS LLC
  • Owner Before Previous Owner: QUILLING PROPERTIES L L C
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 008200

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: MB:17040
  • District: 01
  • Parcel: 03-028-24-21-0045
  • Block: 2
  • Lot: 8-9
  • Meridian: SEC 03 QTR 21 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9459
  • Longitude: -93.2817

    Address

  • Full Address: 3114 Pillsbury Ave S
  • Address - House Number: 3114
  • Street Segment Direction: S
  • Address - Street Name: Pillsbury
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C020
  • 4-Digit Zip Code: 3070
  • Zip Code: 55408

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,439

    Appraisal Valuation

  • Standard Deviation: 0.4636
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 7
  • Final Value: 383,551
  • High Value: 561,365
  • Low Value: 205,736

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: VILLA NOVA PRESERVATION JV LLC
  • First Open Lien Mortgage Recording Date: Jul 15, 2019
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jul 12, 2034

    Market Valuation

  • Market Total Value: $348,900
  • Market Land Value: $69,700
  • Market Improvement Value: $279,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $348,900
  • Assessed Land Value: $69,700
  • Assessed Improvements Value: $279,200

    Sales

  • Current Sale Contract Date: Jul 12, 2019
  • Current Sale Recording Date: Jul 15, 2019
  • Current Sale Transaction ID: 11625346690
  • Current Sale Price: $26,900,000
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: A10677150
  • Previous Sale Recording Date: May 08, 2017
  • Previous Sale Contract Date: Apr 28, 2017
  • Previous Sale Amount: $845,259
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: VILLA NOVA PRESERVATION JV LLC
  • First Mortgage Transaction Date: Jul 15, 2019
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jul 12, 2034

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Frequently Asked Questions

What neighborhood is 3114 Pillsbury Avenue located in?
The 3114 Pillsbury Avenue is a located in the neighborhood of Lyndale in Powderhorn, Minneapolis.
What is the average sales price for listings in 3114 Pillsbury Avenue?
The average sales price for units in 3114 Pillsbury Avenue is $0 currently.

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